NYL Investors LLC Sells 6,954,436 Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF $LQD

NYL Investors LLC decreased its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 89.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 839,925 shares of the exchange traded fund’s stock after selling 6,954,436 shares during the quarter. iShares iBoxx $ Investment Grade Corporate Bond ETF makes up about 25.4% of NYL Investors LLC’s holdings, making the stock its biggest position. NYL Investors LLC owned approximately 0.34% of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $92,064,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LQD. Ameriprise Financial Inc. raised its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 51.7% during the first quarter. Ameriprise Financial Inc. now owns 6,859,875 shares of the exchange traded fund’s stock valued at $744,605,000 after acquiring an additional 2,339,039 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 2,442.0% in the 1st quarter. MetLife Investment Management LLC now owns 953,260 shares of the exchange traded fund’s stock valued at $103,610,000 after acquiring an additional 915,760 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 39,975.2% in the 2nd quarter. SG Americas Securities LLC now owns 859,213 shares of the exchange traded fund’s stock valued at $94,178,000 after acquiring an additional 857,069 shares in the last quarter. JPMorgan Chase & Co. boosted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 82.9% during the second quarter. JPMorgan Chase & Co. now owns 1,852,569 shares of the exchange traded fund’s stock worth $203,060,000 after purchasing an additional 839,768 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 112.0% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 443,905 shares of the exchange traded fund’s stock worth $48,656,000 after acquiring an additional 234,470 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Performance

NYSEARCA:LQD opened at $110.92 on Wednesday. The company has a 50-day moving average of $111.45 and a 200-day moving average of $109.91. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52 week low of $103.45 and a 52 week high of $112.93. The company has a market capitalization of $32.07 billion, a price-to-earnings ratio of 32.25 and a beta of 0.46.

iShares iBoxx $ Investment Grade Corporate Bond ETF Profile

iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund), formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules-based index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States.